Tag: "simon MBA"

Simon Leadership Fellows Program

By: Andrew Brayda

Many leading business schools are offering more generous financial support to attract the best and brightest students. Simon’s Leadership Fellows Program was developed in 2004 to meet this need and provide leadership development through service to the community and the School. The program is supported by full tuition scholarships and a newly adopted stipend program to help cover living expenses. Admitted full-time MBA applicants will compete for the fellowships during two Scholarship Weekends on February 3–5 and March 30–April 1, 2012.

These invitation-only events for admitted full-time MBA candidates include a team case competition, formal and informal interactions with Simon alumni, students, faculty and administrators, and opportunities for attending a class, networking and social interactions with peers. To be eligible, prospective students must submit an online application for admission consideration on or before January 25, 2012.

Fellowships will be awarded to full-time MBA candidates who exhibit outstanding academic and professional credentials, and who have an interest in making a significant impact on the world around them. Fellowship recipients are expected to make a commitment to giving back through active participation in community service projects. In addition to full tuition support for two years of study ($45,000 per year), the fellowships include stipends for living expenses (approximately $10,000 over the two-year program). Other benefits include alumni networking and involvement in special programming, roundtable meetings with senior staff and administrators, and access to key on- and off-campus events and speakers.  
     
“The Simon Leadership Fellows Program will allow us to identify and enroll students who will be the strongest contributors during their time at Simon, and ultimately, throughout their careers,” says Dean Mark Zupan.

 

Simon is Hosting the 30th Annual Graduate Business Conference

By: Julie Sadwick

This blog is based on information shared by Simon School Dean Mark Zupan

For the past 29 years, student government leaders from the top 50 business schools around the world have gathered at an annual conference coordinated by the Graduate Business Forum. This prestigious and constantly changing group of leaders works together for several days to improve the MBA Experience at their respective schools by exchanging best practices, discussing common challenges and opportunities, and building a stronger and more direct communication network. Bids to host the Graduate Business Conference are submitted in a fashion akin to the manner in which cities vie to host the Olympics, with similarly fierce competition and emotional investment.

I am pleased to report that the Simon School has been granted the honor of hosting the 30th annual Graduate Business Conference to be held in the spring of 2012 on the River Campus of the University of Rochester! Our winning bid (the first in the Simon School’s history) is the result of the vision, courage, and hard work of outgoing GBC President Sarah Pare ’11, incoming GBC President Varun Shah ’12, and Organizing Committee Chairman Brandon Sloane ’12. Vital support also came from Simon Alumni Velan Thillairajah ’85 and Ricardo Medeiros ’10 (both past GBC Presidents) who have been working with the Graduate Business Forum, the not-for-profit organization that coordinates the conferences.

The 30th annual Graduate Business Conference promises to be not only of great importance to the Graduate Business Forum, but also to our School. With the selected theme of “Size Matters”, delegates will have the opportunity to hear from a variety of business and academic leaders on issues of how size impacts decisions and outcomes, participate in best practice sessions, network, and explore Rochester’s heritage. Simon students, in turn, will have the opportunity to organize the Conference and our School will benefit from the visibility associated with hosting the gathering.

We are all excited about this amazing opportunity! 



Why getting your MBA “Early” is a great decision

By Lilly Testa

There are a variety of reasons to pursue an MBA.  Some people want to change careers, some look to accelerate the climb up the corporate ladder, and some need to enhance or compliment the skills they already have.  Regardless of your purpose in pursuing an MBA, many students postpone this educational milestone because they know that industry practice is to have 3-5 years of formal, post-graduate (that means internships don’t count) work experience before returning for the degree.

However, this trend has been changing in recent years.  What many colleges around the nation are realizing – and Simon was one of the first to take action – is that students with 0-3 years of formal work experience can be as successful with an MBA, or MORE, than some of their more work-seasoned counterparts.

For many years now, the Simon School has taken to admitting Early Leaders, or those who apply with 0-3 years of formal work experience.  This provides a high return on investment for the student as well as the ability to pursue a graduate-level management degree many have planned to obtain regardless.  There are a number of benefits I will detail below.

• Obtaining the MBA when you are a recent graduate means that you still understand how to learn in a college setting.  Many students who have been in the workforce for 3+ years have forgotten how to study, take tests, write academic papers and read class materials efficiently while balancing the other parts to their lives. You do not!
• Going directly from an undergraduate to a graduate program means you have not experienced and will not experience lost income from a full-time job.  Many students returning to school are used to salary income, and being a student with no income for much of the academic year can be a tough transition.  As students with no or only a little earning experience, this is not as difficult of a transition.
• Additionally, when looking at the opportunity cost of getting your MBA sooner rather than later, students have the ability to earn a higher income in the long-run.  The following information can be found on our website, but I would like to draw your attention to it here:  The accompanying table shows why pursuing the M.B.A. now yields an appreciably higher value later since individuals secure the post-M.B.A. salary jump sooner and then see it compounded by subsequent annual wage increases. At the same time, these individuals sacrifice less in salary to attend business school than someone who has worked for several years prior to enrolling.

Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 NPV
Now -40,000 -40,000 72,000 75,600 79,380 83,349 87,516 $282,124
Later 40,000 42,000 44,100 46,305 -40,000 -40,000 87,000 $167,911

Early Leader candidates are just as qualified and capable as their more “seasoned” counterparts.  They receive competitive internships and full-time positions at global companies ranging from Johnson & Johnson and P&G to Exxon and R.W.Baird.  They are leaders in all aspects of club life here at Simon, and receive competitive scholarships throughout the admission process. 

We at Simon see the value in the Early Leader and encourage you to evaluate your career timeline, perhaps considering an MBA a little before you originally thought…
These points and many more are only a few reasons why those who are younger and not necessarily thinking they would like to pursue the MBA, should give it some active consideration.  More information on the Simon School Early Leader Initiative can be found here.   Feel free to email Admissions at admissions@simon.rochester.edu or call directly at 585-275-3533 if you have any additional questions about the program or opportunities we offer.

Reflections on the Simon MBA

By: Jason Rood

For the past two years, the most common question I’ve been asked by fellow students, prospective students and potential employers has been “why did you choose Simon?” I usually respond to this question with the same short list—the school’s quantitative approach, small size, and return on investment. As I enter the final stretch of my studies here at Simon, I think a better question for prospective students to ask would be “why should I choose Simon?”

This question forces a reflection of what I’ve learned over the past two years and how I’ve grown both personally and professionally. Academically, Simon provided the tools necessary to critically analyze real world business problems. Simon’s diverse student body provided incredible exposure to people of different professional and cultural backgrounds. I will leave Simon with, not only a global network of close friends and colleagues, but also an understanding of different cultures and business practices.

Most importantly, I’m leaving Simon with a unique approach to problem solving and a new way of thinking. Simon’s curriculum encourages you to combine quantitative tools and measures with critical thinking and effective communication. This approach discourages making decisions based on gut instinct and personal biases and, instead, promotes the use of hard data and analysis to make critical decisions in every field of business. This is what makes Simon unique. This is why I would choose Simon if I had to choose again.